St. Jude Wins $2.3B Verdict In Trade Secrets Trial
By Zach Winnick (April 23, 2011, 12:05 AM EDT) -- A jury in California state court on Friday awarded a division of St. Jude Medical Inc. a $2.3 billion dollar verdict against a former employee and the Chinese medical device company he started, finding the defendants liable for stealing trade secrets.
After less than two hours of deliberation in Los Angeles Superior Court, the jury returned a verdict finding that former Pacesetter Inc. engineer Yongning Zou stole confidential technical information from the Sylmar, Calif.-based manufacturer of pacemakers, defibrillators and neuromodulators, and took it to start Nervicon Co. Ltd. in China.
The case represents a remarkable affirmation of the intellectual property rights...
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